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Carla Vista Company reported the following information for 2025. Liabilities and Stockholders' Equity Accounts payable $107,500$100,000$7,500 Increase Accrued expenses payable 025,00025,000 Decrease Bonds payable 250,000375,000125,000
Carla Vista Company reported the following information for 2025. Liabilities and Stockholders' Equity Accounts payable $107,500$100,000$7,500 Increase Accrued expenses payable 025,00025,000 Decrease Bonds payable 250,000375,000125,000 Decrease Common stock (\$1 par) 575,000150,000425,000 Increase Retained earnings Totals Carla Vista Company Income Statement For the Year Ended December 31, 2025 Sales revenue $2,352,500 Cost of goods sold $1,187,500 Operating expenses 577,500 Interestexpense30,000 Lossond Income tax expense Net income Additional information: 1. Operating expenses include depreciation expense of $100,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $212,500 were declared and paid in 2025. 4. Equipment with a cost of $415,000 was purchased for cash. Equipment with a cost of $127,500 and a book value of $90,000 was sold for $85,000 cash. 5. Bonds of $125,000 were redeemed at their face value for cash. 6. Common stock ( $1 par) was issued at par for $425,000 cash. Use this information to prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with $ eTextbook and Media
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